Ever since Apple announced that it was planning to stop using Imagination Technologies graphic technology on the future iPhone, the company has had a very bad time, to the point of hanging the mark for sale. The purpose of Apple Upgrade your technology to avoid having to rely on third parties.
However, as Imagination Technologies had expected, Apple was serious about not using any of the company's patents and the time it proved to be correct. Imagination Technologies has officially announced that it has reached a new agreement with Apple.
The agreement allows Cupertino-based company to gain access to Imagination Technologies' trademark rights. The problem that existed for the company to stop working with Apple was because More than half of the revenue comes from Apple.
Shares of the company dropped 60 percent after the announcement. Both companies started a war in which the first accused Apple of making unauthorized use of its assets. During the disagreement, Matagination Technologies was spotted even more severely damaged, losing 70% of its value.
After a reorganization made by the company after losing its most valuable customer, it hung a sign that it had been sold and acquired by the Canyon Bridge company, China-based private finance company in China, November 2017.
It is not the first time that Apple has tried to improve the technology available in the market reduce your dependence on third parties and it's going wrong. A few months ago, he began expanding the 5G chip so that he could not rely on Qualcomm, but to see how its development would be easier without using patents, he had no choice but to reach an agreement with Qualcomm.
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